Nation’s biggest provider of purchase loans made 27 percent fewer loans to homebuyers in 2021. Rocket Cos. is watching. Source: Inman News
Posts published in “mortgage refinancing”
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5. Source: Inman News
Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Source: Inman News
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8…
The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Source:…
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Source: Inman News
Lenders are still anticipating a shift in mortgage lending from refinancing to purchase loans, but it may not be as sudden as anticipated. Source: Inman…
Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic. Source: Inman News